Accepting credit cards for payment processing requires additional IRS reporting in the form of a 1099-K — a tax form presented to the IRS and used to report your processing volume. Gravity Payments is required to report to the IRS the volume in... |

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Near-field communication (contactless) payments — like ApplePay and Google Wallet — let consumers store their credit or debit card details securely in a digital format. They can then select a card from their smartphone or tablet for in-store,... |

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EMV is a payment processing standard created by Europay, MasterCard, and Visa. EMV cards are recognizable by their embedded computer chips, and the cards are the most secure way to process credit card or debit card transactions. ... |

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Encourage card payments through the EMV reader. It’s the most secure way to process a transaction. Always attempt to verify the cardholder’s identity. This helps prevent fraud. When processing “card not present” transactions, make sure the... |

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